According to the UK government’s recent guidance, in the event of a ‘no deal’ Brexit: existing VAT simplification measures between the UK and the EU will come to an end; supplies of goods to and from the EU will be treated as exports and imports respectively, with different reporting, payment and refund implications; and supplies of services within certain sectors, such as financial services, may change.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
According to the UK government’s recent guidance, in the event of a ‘no deal’ Brexit: existing VAT simplification measures between the UK and the EU will come to an end; supplies of goods to and from the EU will be treated as exports and imports respectively, with different reporting, payment and refund implications; and supplies of services within certain sectors, such as financial services, may change.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: